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$209,920

NAL Estimated Property Value

502 Pacific Street, Mineola, TX, 75773

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths1,530 Sq Ft
OfficeOffice
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1.5Bathrooms 1.5
FlooringOther

Exterior

Lot Size13,499 sqft

Building Information

Year Built1940

Land Information

APN35892
Lot Number6
Land UseCommercial
Legal DescriptionLOT 5B,6 BLK 41 .3099 MINEOLA TOWNSITES
Census Tract950800
Assessed Land Value$27,000
Assessed Improvement Value$182,920
Assessment Year2025

About this property

Looking for the right great place for your business? Wanting a community and a county looking to the future to accommodate and attract like-minded folks? There is just a place at the corner of Buchanan and Pacific in the heart of Mineola Texas located in beautiful East Texas at the center of Wood County. Just a short distance for Dallas-Ft. Worth…Tyler…and Longview Mineola is a very active community with much to offer those traveling through and to those who choose to make this their home. Formally a residence built in 1940 and now a beautifully maintained suite of four offices with a reception area and a kitchen. There is covered parking on the side plus additional parking in back. This location currently is home for 2 businesses and occasionally they have rented the other 2 offices as well. With a traffic count averaging over 13,000 vehicles a day passing by you are sure to be noticed! Owner financing available.

Investor Tools

Property Icon
$209,920
Estimated Property Value
$187,476Estimated Mortgage Balance
$22,444Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,003
$209,920
2025
$27,000
$182,920
$209,920
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,003
$209,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$198,050
No
First
Jun 30, 2023
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,476
$22,444
10%
89%
$1,188/mo

City: Mineola

502 Pacific Street | Property Details | No Agent List